Tags: appearance, central governement, coalition, conservatives, election, elections, Liberal Democrats, media management
Who would have believed that less than two weeks ago the Conservatives and Liberal Democrats were tearing chunks out of each other’s policies, ridiculing each other’s leader and generally behaving like sworn enemies? The coalition is, so far, holding up remarkably well, with no media slip ups of any note. This is not by accident – advisors will be working around the clock behind the scenes to ensure that everyone is ‘on message’, using the right kind of language and trying to make sure the media aren’t given any sort of gap to exploit the differences between the coalition partners. Let’s see how long the honeymoon and the successful media management lasts…..
Tags: bankers, bonuses, election, recession, reputation
With Bank profits (and associated bonuses) back in the news the public outcry is again becoming deafening. The Banks have (rightly or wrongly) become the scapegoat for the current recession, and the public anger has only been heightened by the billions of taxpayer’s money that has been used to bail the them out. The fact that, barely twelve months on, the Banks are already gearing up to pay employees bonuses of hundreds of thousands of pounds smacks of naivety, especially so close to an election.
The City of London contributes an enormous amount to Britain’s prosperity, and in a free market if our Banks are recruiting the best and making huge profits then those staff members should be rewarded for their expertise. However, the level of animosity currently held against bankers, coupled with the back drop of rising unemployment means the timing of their bonuses is pouring fuel on the fire. The biggest potential threat for the Banks and their remuneration strategy is becoming an election issue with Brown and Cameron trying to outdo each other to show who would come down hardest on the Banks – a popular vote winner at the moment. Far better for the Banks to understand their current reputation with the public and, at the very least, defer bonuses for a year while the heat is taken out of the topic and they are no longer a national news story. Continuing with their current policy of not seeming to care about their reputation could result in legislation being introduced that will impact on them for years to come.
Tags: branding, corporate personality, debate, election, politics
The decision by the major party leaders to agree to a debate during this year’s election is certainly significant for politics, but also has major lessons for business. Thousands of column inches will be devoted to which leader has most to gain, and lose, from a debate, how helpful it is to democracy, how it will re-energise the electoral process among first time voters, etc. There will be many cynical voices claiming it has only been agreed because each party leader believes they can benefit from it, but there is also a deeper rooted reason for this first for British politics.
Whether we like it or not, we are now living in a multimedia world, where celebrities (including politicians) are judged by their appearance, mannerisms, accent and body language more than the actual policies they are promoting. With the benefit of hindsight it seems slightly odd now to recall that in 1997 the Labour leader was referred to as ‘that nice Mr Blair’. The public was buying his personality as much as his policies and it swept him to power.
There’s an old adage that people do business with people, not with companies, and never has that been more relevant than today, especially in the service sector. With competition for new business as intense as it has been for years, buyers will be looking for the little differences between suppliers and developing a personal relationship can often tip the balance. PR is not press relations, it’s public relations and businesses that know, understand and interact with their publics will gain that competitive advantage. As the politicians have realised, personality sells so they have agreed to the beauty parade. It’s a process that, however uncomfortable it may feel to some, businesses need to embrace to ensure they promote their corporate personalities as well as their services and products.
Tags: advertising, branding, election, newspapers, politics
The Sun’s decision to abandon New Labour and start backing the Tories (again) has been seen by many commentators as the Sun using its power to influence who its readers will support at the next election. But, is the Sun leading, or actually just following, public opinion?
It’s very important for a newspaper, or any business for that matter, to be in tune with its customers. The Sun likes to see itself as a winner, and glorify in its power to shape elections – who can forget the famous ‘It’s the Sun Wot Won It’ front page following John Major’s election win in 1992? But the Sun doesn’t go against popular opinion. Every time it has changed its political allegiance over the past two decades it has been in the direction of overwhelming opinion polls that have been steady for many months. There has certainly never been an example of the Sun backing the clear underdog and then pulling them through to victory.
One aspect of the media that is often forgotten is that (except for the BBC) individual media outlets are businesses, with shareholders to satisfy, advertisers to attract and customers to keep. All of our media in the UK is branded, so the editorial interest is shaped in such a way to appeal to certain groups in society, reflecting different socio-economic groups. This branding helps the media to attract advertisers, as it’s able to clearly identify the types of people that purchase their news and ‘sell’ their customers to advertisers looking to target those types of people. For example, if a newspaper can say ‘more Volvo drivers read this paper than any other’ it’s an important way to attract the Volvo advertising spend.
So, the Sun’s decision isn’t completely down to its full belief in the policies of Cameron’s Conservatives. It is shifting its stance to reflect the shifting opinion of its customers, albeit in a very high profile way. In the current economic climate it is a lesson that all businesses could do with taking on board – with customers becoming harder to find make sure you keep the ones you have by tweaking your offering to appeal to them above your competitors.